Parent Company Only

12 Months Ended

Dec. 31, 2013

Parent Company Only [Abstract]

Parent Company Only

(19) Parent Company Only

The following statements pertain to TrustCo Bank Corp NY (Parent Company):

Statements of Income
(dollars in thousands)	Years Ended December 31,
Income:	2013			2012			2011
Dividends and interest from subsidiaries	$	24,491			24,475			19,635
Net gain on securities transactions		-			-			45
Income from other investments		-			-			1
Total income		24,491			24,475			19,681
Expense:
Operating supplies		81			105			86
Professional services		491			296			362
Miscellaneous expense		1,042			737			555
Total expense		1,614			1,138			1,003
Income before income taxes and subsidiaries'undistributed earnings		22,877			23,337			18,678
Income tax benefit		(548	)		(364	)		(174	)
Income before subsidiaries'undistributed earnings		23,425			23,701			18,852
Equity in undistributed earnings of subsidiaries		16,387			13,833			14,235
Net income	$	39,812			37,534			33,087

Statements of Condition
(dollars in thousands)	December 31,
Assets:	2013		2012
Cash in subsidiary bank	$	15,263		12,950
Investments in subsidiaries		352,717		351,704
Securities available for sale		10		10
Other assets		227		178
Total assets		368,217		364,842
Liabilities and shareholders' equity:
Accrued expenses and other liabilities		6,404		6,044
Total liabilities		6,404		6,044
Shareholders' equity		361,813		358,798
Total liabilities and shareholders'equity	$	368,217		364,842

Statements of Cash Flows

(dollars in thousands)				Years Ended December 31,
	2013			2012			2011
Increase/(decrease) in cash and cash equivalents:
Cash flows from operating activities:
Net income	$	39,812			37,534			33,087
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries		(16,387	)		(13,833	)		(14,235	)
Stock based compensation expense		378			405			287
Net gain on securities transactions		-			-			(45	)
Net change in other assets and accrued expenses		277			(158	)		(232	)
Total adjustments		(15,732	)		(13,586	)		(14,225	)
Net cash provided by operating activities		24,080			23,948			18,862
Cash flows from investing activities:
Proceeds from sale of securities available for sale		-			-			372
Investment in bank subsidiary		-			-			(67,000	)
Purchases of securities available for sale		-			-			(68	)
Net cash used in investing activities		-			-			(66,696	)
Cash flows from financing activities:
Proceeds from exercise of stock options and related tax benefits		36			-			-
Dividends paid		(24,711	)		(24,574	)		(21,320	)
Net proceeds from common stock offering		-			-			67,578
Proceeds from sales of treasury stock		2,908			2,913			2,900
Net cash provided by (used in) financing activities		(21,767	)		(21,661	)		49,158
Net increase in cash and cash equivalents		2,313			2,287			1,324
Cash and cash equivalents at beginning of year		12,950			10,663			9,339
Cash and cash equivalents at end of year	$	15,263			12,950			10,663